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Sep 11, 2012
09/12
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i think it is paying off there is a downside president obama, too. his favorability and likability numbers. on the other hand you have mitt romney and his campaign repeatedly say when they criticize president obama that he is a nice guy, but, he is in over his head. i think that they are foolish to do that. that doesn't mean that they have to get nasty about it, but every time that they say that he's a nice guy, reinforcing this idea that he is a good guide. gerri: the battle will go on and i hope you come back to talk to us about it. we appreciate your time. gerri: and coulter drops by with her take on the chicago teachers right. and i will be joined by one senator who says it's time for president obama's rhetoric to meet reality. we are not better off than we were four years ago. that is republican jon barrasso of wyoming. he joins me when we come back gerri: it is rhetoric versus reality. it's according to her next guest was fighting back against the president's claim that we are better off now than we were four years ago. republican senator jon b
i think it is paying off there is a downside president obama, too. his favorability and likability numbers. on the other hand you have mitt romney and his campaign repeatedly say when they criticize president obama that he is a nice guy, but, he is in over his head. i think that they are foolish to do that. that doesn't mean that they have to get nasty about it, but every time that they say that he's a nice guy, reinforcing this idea that he is a good guide. gerri: the battle will go on and i...
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Sep 11, 2012
09/12
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president obama raised more money than republican rival governor romney did in august. he brought in $114 million last month, or about $2.5 million more than the republican candidate. august marks the first time in three months the president raised more money from his supporters than governor romney. ford will add 1,200 jobs next year at its flat rock assembly plant. that plant in suburban detroit, where ford and mazda used to build cars together, will add a second shift next summer, to build the ford fusion. >> they're hourly positions and they run the gamut from working in our body shop, to working in our paint shop, to working in what's known as our final assembly area. and these are all very good paying jobs that will help i think not only the local communities, because in addition to the 1,200 hourly positions in the plant itself, there's a trickle down or a multiplier effect of jobs that are created in communities. >> tom: ford expects its newly re-modeled fusion to be a top seller, already, hitting record sales in august. the michigan plant will be in addition to
president obama raised more money than republican rival governor romney did in august. he brought in $114 million last month, or about $2.5 million more than the republican candidate. august marks the first time in three months the president raised more money from his supporters than governor romney. ford will add 1,200 jobs next year at its flat rock assembly plant. that plant in suburban detroit, where ford and mazda used to build cars together, will add a second shift next summer, to build...
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Sep 11, 2012
09/12
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republicans have expressed some concern the current fed has been too cozy with the treasury and the obama administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business school dean glenn hubbard, harvard economist greg mankiw, and stanford economist john taylor. >> among those, i think mankiw would be the most activist and taylor would be the least activist. mankiw would perhaps be the most likely to consider q.e. right now; taylor would be opposed. >> reporter: taylor has criticized bernanke for the fed's aggressive bond buying and is considered an inflation hawk. while hawks may be popular during an election, actually picking one for fed chairman may not sit well with a new president concerned about boosting growth. for his part, hubbard has given few signals about monetary po
republicans have expressed some concern the current fed has been too cozy with the treasury and the obama administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business...
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Sep 11, 2012
09/12
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CNBC
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obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls show that if the s&p 500 is doing really well, that the people out there tends to be more tolerant of some bad economic numbers. on the other hand, if the s&p is cratering and we're getting bad unemployment numbers, then that's good news for mr. romney. >> september and october typically are volatile periods for this market. some tough times right now. ron, one of the expectations is that the fed may add liquidity, but they may also extend the period of time that the fed will keep rates low for that period of time. maybe into 2015 is the expectation. is it a bit disingenuous when you consider that ben bernanke's term in office is up in january of '14, i think it is, to extend it beyond the time when you could have a big change in the makeup of the federal reserve. >> you're going to have a big change in january if mitt romney wins and makes good on his promise to fire ben bernanke. that could change in a couple months from now. i think the fed institutionally is driving
obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls show that if the s&p 500 is doing really well, that the people out there tends to be more tolerant of some bad economic numbers. on the other hand, if the s&p is cratering and we're getting bad unemployment numbers, then that's good news for mr. romney. >> september and october typically are volatile periods for this market. some tough times right now. ron, one...
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Sep 11, 2012
09/12
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CSPAN2
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governor romney has that i like obama's plan in 2009 better than i like obama's plan from 2012. it is not entirely clear to me that governor romney would reverse those modest cuts or reverse the cuts that obama made last year and then put into his budget plan is presented to congress and the wording in the romney plan is not entirely clear to me. in any event, it adds up to roughly $500 billion over 10 years. that is the difference between the two. in other words, roughly $50 billion per year. that is relative to something near $550 billion. it was significant, but not hugely astronomical. a spectrum of about 10%. romney hasn't been all that specific of what he would do with that amount of money from but apparently he would not make that cut in 100,000 ground forces and he would shift the budget from the current projection of about nine for the u.s. navy after about 13. that is the kind of sensitivity you can hear. i'm going to stop right there. >> okay. first, i would like to offer a little bit of caution. we are making a comparison where we have different degrees of detail. th
governor romney has that i like obama's plan in 2009 better than i like obama's plan from 2012. it is not entirely clear to me that governor romney would reverse those modest cuts or reverse the cuts that obama made last year and then put into his budget plan is presented to congress and the wording in the romney plan is not entirely clear to me. in any event, it adds up to roughly $500 billion over 10 years. that is the difference between the two. in other words, roughly $50 billion per year....
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Sep 11, 2012
09/12
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CNBC
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they are trading up on the idea that romney can even beat obama because the job numbers are so awful, maybe if romney comes, in we get rid of a lot of that regulation. second, the industrials have been trading up on hope. here's a copper stock directly related to china, 40% of the world's copper is used by china. it has rallied eight straight points. on strength that china has to do something, anything, a and bad numbers from the people's republic like last night will put pressure on the leaders to force growth. i'm addressing the strength in the aluminum stocks later in the show. i would like to welcome caterpillar, cummings, 3m, united technology, i welcome to the hope trade. we've seen no sign whatsoever that this theory has any, any gravitas behind it. even the transports are trading up on hope, hope that the worldwide commerce will pick up. that's how federal express can levitate to where it was. even though the freight index seems to go down by the day. taken en masse, and those are en masse hope stocks, these groups are but a small percentage of the entire u.s. stock market tha
they are trading up on the idea that romney can even beat obama because the job numbers are so awful, maybe if romney comes, in we get rid of a lot of that regulation. second, the industrials have been trading up on hope. here's a copper stock directly related to china, 40% of the world's copper is used by china. it has rallied eight straight points. on strength that china has to do something, anything, a and bad numbers from the people's republic like last night will put pressure on the...
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Sep 11, 2012
09/12
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FBC
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obama, the deficit as far as the eye can see will stay above a trillion dollars. nobody will really -- nobody can really cut spending meaningfully. david: particularly as long as the government can borrow at zero interest rates. >> precisely. so the fed will grow and grow and grow, and government debt is the most unproductive debt. so if you borrow to buy machine ri -- machinery and build a factory, you borrow to generate cash flow. consumer credit and government credit is the worst type of borrowing you can have. david: so how is the united states bubble, the bubble of the government debt, likely to bust? >> it will, the whole system will collapse one day globally. but between now and then, maybe stocks can go up, the dow could go to 100,000 or to a million -- david: simply because there's no other place to put your cash. >> well, in the u.s., now, real estate in some areas is very cheap. not high-end new york where sandy just sold his condo for $88 million u.s. david: right, right. >> a condo that would cost more than a million u.s. was unthinkable. david: are y
obama, the deficit as far as the eye can see will stay above a trillion dollars. nobody will really -- nobody can really cut spending meaningfully. david: particularly as long as the government can borrow at zero interest rates. >> precisely. so the fed will grow and grow and grow, and government debt is the most unproductive debt. so if you borrow to buy machine ri -- machinery and build a factory, you borrow to generate cash flow. consumer credit and government credit is the worst type...
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Sep 11, 2012
09/12
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that's the obama and romney campaigns alone, is it? >> well about half of it so far has come from the packs, as you know. there's also all kinds of other races going on, senate races, all 435 house seats, different ballot initiatives so about half of it will be presidential advertising, however. all of that is going to be concentrated in about nine states so it is very very concentrated even though it is a lot of money. if you are in one of those states, if you have a tv station or a radio station and you are one of those nine states, it is a bonanza. stuart: i'm just trying to imagine what it would be like to live in ohio, listening to the radio or watching television. i don't think there's room for any other kind of commercial other than a political commercial. i mean, you're buying every second of airspace, i would say? >> it's going to be crazy. i live here in virginia, so i can tell you it's already nuts, and we're not even at the peak yet. it is just now starting to rev up, but it is going to be that last month and particularly t
that's the obama and romney campaigns alone, is it? >> well about half of it so far has come from the packs, as you know. there's also all kinds of other races going on, senate races, all 435 house seats, different ballot initiatives so about half of it will be presidential advertising, however. all of that is going to be concentrated in about nine states so it is very very concentrated even though it is a lot of money. if you are in one of those states, if you have a tv station or a...
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Sep 11, 2012
09/12
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this is a huge headache for president obama? >> well, i just built a $900 million building in chicago and it's something i'm very proud of, and i see this going on in chicago and i'm not happy about it from any standpoint. i look at it from that's a selfish, personal standpoint but chicago is a great city and things are going to have to happen quickly in chicago. >> don't you think they will? i don't think we'll hear, i mean this is rahm, so i don't think we'll hear anything out of the obama administration, any type of comment about what to do in this case, do you? >> no, you're not going to hear any comment and this could go a long -- this isn't the first teacher's strike. >> it's been 25 years though. >> we've had them in new york and all over. this is the one right now under the magnifying glass. you won't hearing anything from washington. >> we have an election in 56 days and former chief of staff and his hometown. >> let's look -- hey, donald, how are you? >> hi? how are you doing? >> good. how is your golf? >> my golf is o
this is a huge headache for president obama? >> well, i just built a $900 million building in chicago and it's something i'm very proud of, and i see this going on in chicago and i'm not happy about it from any standpoint. i look at it from that's a selfish, personal standpoint but chicago is a great city and things are going to have to happen quickly in chicago. >> don't you think they will? i don't think we'll hear, i mean this is rahm, so i don't think we'll hear anything out of...